Qatar Islamic Bank (QIB) , has mandated Barwa Bank, Citi, HSBC, Noor Bank, QInvest and Standard Chartered Bank as Joint Lead Managers to arrange a series of fixed income investor meetings in Asia, Middle East and Europe commencing on 16 October 2015. A benchmark USD Regulation S Senior Sukuk offering under the existing QIB Sukuk Ltd U.S.$1,500,000,000 Trust Certificate Issuance Programme may follow subject to market conditions.
Qatar Islamic Bank Sukuk Programme
QIB has issued a number of sukuk, most recently in June 2015 with a local currency issuance of 2 billion riyals. Its last US dollar issuance was in October 2012 with a $750 million issuance for which it achieved a 2.5% profit rate. QIB also issued US dollar sukuk in October 2010 with a $750 million issuance. Full sukuk details including prospectuses and other information can be found at sukuk.com.
Originally published on www.islamicfinance.com